MultiBank Group Announces Two New Licenses in the UAE and Singapore
Abstract：Multibank's new licenses in the UAE and Singapore will assist to strengthen its image as a trustworthy broker.
The additional licenses strengthen MultiBank's standing as one of the most trustworthy brokers.
MultiBank Group is still the most regulated broker, even though it is the largest financial derivatives institution in the world.
MultiBank Group said that the Securities and Commodities Authority of the United Arab Emirates (“SCA”) and the Monetary Authority of Singapore (“MAS”), two of the most respected organizations in the world, have given licenses to its subsidiaries.
Since it began in 2005, MultiBank Group has been regulated by 11 or more financial authorities. It has more than 25 branches around the world. The group guarantees 24-hour withdrawal processing, provides unique excess loss insurance guaranteed by Lloyds of London via its subsidiary MEX Atlantic and provides its customers with completely transparent electronic exchanges.
ASIC of Australia (MEX Australia Pty Ltd), AUSTRAC of Australia (MEX Digital Pty Ltd), BaFin of Germany (MEX Asset Management Gmbh), FMA of Austria, SCA of the United Arab Emirates (MEX Global Financial Services LLC), MAS of Singapore (MEX Global Markets PTE. LTD), and CIMA of the Cayman Islands are among the financial institutions that make up MultiBank Group (MEX Atlantic Corporation).
“It is with great satisfaction that today we announce the launch of newly licensed businesses regulated by SCA and MAS,” said Mr. Naser Taher, Founder, and Chairman. We are the most heavily regulated broker in the world. We are registered with more than 11 authorities around the world, and we will continue to improve regulatory standards for traders everywhere. We are very happy that MultiBank Group has never had a problem with any of the regulators around the world. In a time when “AAA” rated banks have regulatory problems all the time, a bank with such a clean regulatory record is very rare in this business. Because of our long history, over 1,000,000 valued customers have trusted us for the last 30 years to provide them with “secure and trustworthy financial products and fintech.”
MultiBank Group, which is run by Mr. Naser Taher, continues to strengthen its position as the global leader in regulations, fintech technology, brokerage services, and financial products. It is also experiencing unprecedented growth year over year in all areas, including trading volumes, client count, and record-breaking financial results.
About Multibank
MultiBank Group was founded in 2005 in California, USA. It has a daily trading volume of more than $12.1 billion USD and serves over one million users from more than 100 countries.
MultiBank Group has grown to become one of the best online brokers and providers of financial derivatives in the world. The firm provides award-winning trading platforms to its loyal clients, with up to 500:1 leverage on assets such as Foreign Exchange, Metals, Shares, Commodities, Indices, and Digital Assets.
About WikiFX
WikiFX is a forex trading search engine that tells traders about brokers' regulatory status, licenses, trading values, offices, and other things. WikiFX is the best way for traders all over the world to find out about unethical behavior and illicit activities of a broker. The platform has over 39,000 brokers, both regulated and unregulated, on its website. It also collaborates with 30 financial authorities from across the globe to handle any trade issues.
Let us discuss MultiBank on WikiFX
Despite the fact that MultiBank is a registered forex broker, traders from all over the globe have many concerns about the company. Every day, WikiFX gets complaints. WikiFX is currently working with the complainants to verify the claims. When it comes to Forex trading, a significant amount of money is required in order for traders to get their expected profit. But since the money spent can never be gotten back, it's important to do a thorough job of finding the right broker. But if the invested money will never be returned, then choosing the right broker to invest with needs an in-depth investigation. If you don't know where to start, then it's best to contact WikiFX Support to give you insights on how to use the App for guidance to the right broker.
More information on MultiBank may be found at https://www.wikifx.com/en/dealer/0001326398.html.
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